HSST(SZ:000707)2025-06-12 10:32Group 1: Company Restructuring and Financial Performance - The company has no major restructuring related to Yihua Group; it is focused on acquiring shares of Hubei Hongyi Chemical Technology Co., Ltd. with a project approved by the Shenzhen Stock Exchange and submitted to the CSRC for registration [1] - The company reported a loss in Q4 2024 and Q1 2025, primarily due to a significant decline in market prices of its main products [3] Group 2: Investment and Development Plans - The company is investing CNY 1.366 billion to upgrade its soda ash production facility, which is currently in trial production [2] - A thermal system upgrade project costing CNY 199 million is in trial operation, expected to reduce costs by approximately CNY 11 million per year once fully operational [2] - The company is developing sodium-ion battery cathode materials, currently in small-scale testing, with plans for pilot testing soon [2] - A new 1.5 million tons vacuum salt project and a 400,000 tons/year value-added nitrogen fertilizer project are in preliminary stages [2] - The company is exploring the decomposition of its main product, ammonium chloride, to recover ammonia for soda ash production and extract chlorine for other chemicals, enhancing product value [2] Group 3: Market Strategy and Cost Management - The company aims to improve profitability through small-scale production adjustments and enhanced management to control production costs and expenses [2] - The company is also researching electronic specialty gases as a potential development direction [2]